Alaan, the leading corporate card and spend management platform in the Middle East, has signed a historic Memorandum of Understanding (MoU) with the Association of Chartered Certified Accountants (ACCA), a globally renowned accounting organization. This collaboration marks a major milestone, positioning Alaan as the first fintech company in the region to partner with a global accounting body. The aim is to elevate finance and accounting professionals by merging financial expertise with innovative technological advancements.
The MoU was formalized by Parthi Duraisamy, CEO of Alaan, and Kush Ahuja, Head of Eurasia and Middle East at ACCA. It heralds a new chapter of collaboration, focusing on the upskilling of finance professionals, embracing cutting-edge technologies, and building a robust finance community across the region. This is ACCA’s first partnership with a homegrown fintech company in the Middle East, reinforcing the mission to shape the future of the global accountancy profession.
“Breaking Down Barriers between Finance and Technology”
“This partnership is a critical step in breaking down the barriers between finance and technology, particularly when it comes to AI,” said Parthi Duraisamy, CEO of Alaan. “Finance professionals tend to be cautious in adopting new technologies, but through this MoU, we aim to destigmatize the use of AI and provide finance teams with the tools they need to thrive in a digital-first world. Together with ACCA, we will offer a platform for professionals to network, learn from peers, and gain exposure to cutting-edge technologies.”
Kush Ahuja, Head of Eurasia and Middle East at ACCA, added: “Partnering with Alaan provides a great opportunity for our stakeholders to explore the transformative impact of technology in the finance industry. Our joint initiatives will help our community stay at the forefront of innovation, ensuring they are equipped with the knowledge and skills to succeed.”
A Commitment to Continuous Professional Development
Through this MoU, Alaan will actively contribute to ACCA’s mission by organizing initiatives that allow finance professionals to explore new technologies, upskill, and engage in continuous professional development. This partnership also offers a unique chance for finance professionals in the UAE to connect directly with insights and innovations coming from a leading fintech company.
Duraisamy further emphasized the importance of this collaboration, stating, “For the first time, accountants and finance professionals in the Middle East will have direct access to knowledge and expertise from a fintech, allowing them to learn about the powerful role AI and technology are playing in reshaping finance.”
Both Alaan and ACCA are dedicated to fostering digital transformation within the finance industry, ensuring that professionals in the region are equipped with the tools, knowledge, and networks to navigate the rapidly changing financial landscape.
For more details, please visit Alaan’s website.